With privatisation, the government can reduce it's burden and people get many benefits.Complete privatisation of public sector is good idea?
With privatisation, the government can reduce it's burden and people get many benefits. Complete privatisation of public sector is good idea? o1Yw9
Privatisation, is the main option for government when they cannot bear the burden of something. While there are few negatives of the situation, i believe it is on the whole a positive idea. I shall discuss some pros and cons of privatisation. There are many reasons why government choose the option of privatisation. Firstly, when any company goes in loss then instead of handling it wisely government tries to privaties it. For instance in case of Air India now it is privatised again because it has been working in loss from past few years. Whenever government fed up from the responsibilities, then they find privatisation as the best option. There are few disadvantages of privatisation. Firstly all the benefit goes to private companies. Secondly, it becomes nearly impossible for normal people to get the benefits of their privatised sector. However, there are many advantages of denationalization. First of all government can get free from unwanted responsibilities. Secondly, private companies can run them in a better way. For example, it was a time when Air India was world's number 1 airline its founder was Mr JRD Tata and comes under Tata Group but after its nationalisation it becomes worst. So, private companies can focus properly on them. Moreover, by doing privatisation government can get quick benefits. On top of that privatisation can help government in relieving the burden. To sum up, privatisation of public sector is a very good way in a situation if government have nothing to do
Privatisation
, is the main option for
government
when they cannot bear the burden of something. While there are few negatives of the situation,
i
believe it is
on the whole
a
positive
idea
. I shall discuss
some
pros and cons of
privatisation
. There are
many
reasons why
government
choose the option of
privatisation
.
Firstly
, when any
company
goes in loss then
instead
of handling it
wisely
government
tries to
privaties
it.
For instance
in case of Air India
now
it is
privatised
again
because
it has been working in loss from past few years. Whenever
government
fed up from the responsibilities, then they find
privatisation
as the best option. There are few disadvantages of
privatisation
.
Firstly
all the benefit goes to private
companies
.
Secondly
, it becomes
nearly
impossible for normal
people
to
get
the benefits of their
privatised
sector.
However
, there are
many
advantages of denationalization.
First of all
government
can
get
free from unwanted responsibilities.
Secondly
, private
companies
can run them in a better way.
For example
, it was a time when Air India was world's number 1 airline its founder was Mr
JRD
Tata and
comes
under Tata Group
but
after its
nationalisation
it becomes worst.
So
, private
companies
can focus
properly
on them.
Moreover
, by doing
privatisation
government
can
get
quick benefits.
On top of that
privatisation
can
help
government
in relieving the burden. To sum up,
privatisation
of public sector is a
very
good
way in a situation if
government
have nothing to
do